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Blockchain Technology Study for Consumer Protection and Fraud Prevention.

This act directs the government to conduct a study on blockchain technology to understand how it can protect consumers from fraud and enhance transaction security. The study's findings will be made public, potentially aiding in better utilization of this technology in daily life and business.
Key points
The government will study how blockchain technology can help reduce fraud and unfair practices.
The study will assess the benefits and risks of blockchain for consumer protection.
Study results will be publicly available, potentially influencing future regulations and innovations.
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Status:
Expired
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Additional Information
Print number: 117_HR_3639
Sponsor: Rep. Soto, Darren [D-FL-9]
Process start date: 2021-05-28
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Blockchain Innovation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3639.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-28.

What are the main provisions?

Key points include:

  • The government will study how blockchain technology can help reduce fraud and unfair practices.
  • The study will assess the benefits and risks of blockchain for consumer protection.
  • Study results will be publicly available, potentially influencing future regulations and innovations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Soto, Darren [D-FL-9].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Consumer Protection and Commerce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Informatization Economy